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701 South Elm Street

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Home/IA/Cresco

701 South Elm Street

Cresco, IA 52136
Asking Price
$880K
Cap Rate
5.75%
Asset Type
Mobile-home-park
Class
Class B

What's Special

100% Occupied Mobile Home Community in Cresco IA | City Utilities | Below Market Rents <ul><li>​<span style="color: rgba(0, 0, 0, 1)">Clear path to 12% COCR by implementing$100 rent increases in year 1</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Fully occupied community with 100% lot renters and city utilities; making for an operationally simple asset</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">$125 - $150 below market rents</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">$110k Top Line Income and 50k NOI wi

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NOI
$80,000
Cap Rate
9.09%
DSCR
1.53
Strong
Cash-on-Cash
10.51%
Monthly Payment
$4,353.76
Annual Cash Flow
$27,754.882

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